MILAN — Global sales of individual high-end products are anticipate to diminish in 2025 for the veryfirst time because the Great Recession, according to a Bain consultancy researchstudy launched Wednesday. The outlook might getworse if the sector is hit by tariffs guaranteed by Donald Trump.
“This might be a headache if carriedout,’’ Claudia D’Arpizio, co-author of the researchstudy for Italy’s Altagamma association of high-end manufacturers, informed The Associated Press. “European brandnames might end up being incredibly pricey in an currently costly environment.’’
Trump hasactually promised tariffs of up to 20% on imports, stating it would develop factory tasks, diminish the federal deficit and lower food rates.
While the researchstudy did not address the possible effect of tariffs, D’Arpizio stated the effect on European high-end manufacturers would depend on how the tariffs are executed on the classification, if at all. She keptinmind that a scarcity of American high-end replaces might lead to an exemption.
Any unfavorable effect might likewise be balanceout by moving production to the United States, or by greater sales to U.S. travelers in